Waste360 is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Waste Management Rejects Stock Offer by TRC Capital

Waste Management Inc. is recommending that its shareholders reject a “mini-tender offer” by TRC Capital Corp. to buy up to 3 million shares of company stock.

The Houston-based Waste Management said in a news release that Toronto-based TRC Capital was offering to buy up to 0.65 percent of outstanding common stock at $33 a share. That offer is 4.62 percent below Waste Management’s closing share price Aug. 20, the day prior to the offer, the waste and recycling company said.

“Waste Management does not endorse the offer and recommends against stockholders tendering their shares in response to this offer,” the firm said.

TAGS: Financials
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.